Implementability with contingent contracts

Research output: Contribution to journalArticlepeer-review

Abstract

We establish the equivalence of implementability by a contingent contract, implementability by a linear contract, acyclicity, and scaled cycle monotonicity when the type space is a compact metric space. We employ graph-theoretic arguments.

Original languageEnglish
Article number108966
JournalEconomics Letters
Volume188
DOIs
Publication statusPublished - 2020 Mar

Keywords

  • Contingent contracts
  • Dominant strategies
  • Implementation
  • Linear contracts

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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